Market Overview

Wells Fargo Increases Bally Technologies Estimates

Share:

Wells Fargo is increasing its Bally Technologies Inc. (NYSE: BYI) FY 2011 and FY 2012 EPS estimates and its year end 2011 base case valuation.

“Our FY 2011 EPS goes to $2.15 from $2.13 and our FY 2012 EPS goes to $2.78 from $2.54,” Wells Fargo writes. “Our year end 2011 base case valuation goes to $49 from $41.”

Wells Fargo said that its estimate revision stems largely from increased systems revenue related to the recently announced Canada systems contract.

Bally Technologies currently trades at $42.01.

 

Related Articles (BYI)

View Comments and Join the Discussion!

Posted-In: bally technologies Wells FargoAnalyst Ratings

Latest Ratings

StockFirmActionPT
JWNWedbushMaintains15.0
ZEALMorgan StanleyMaintains43.0
VEEVMorgan StanleyMaintains253.0
TPICMorgan StanleyMaintains31.0
TPRMorgan StanleyMaintains15.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com